Category: Forex Trading Market Watch

Personnal trading records (private trading records)

U.S. Pending Home Sales Unexpectedly Tumble 1.9% In June

Pending home sales in the U.S. unexpectedly showed a notable decrease in the month of June, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index tumbled by 1.9 percent to 112.8 in June after soaring by 8.3 percent to a revised 115.0 in May. The pullback surprised economists, who had expected pending home sales to edge up by 0.3 percent compared to the 8.0 percent spike originally reported for the previous month. A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale. “Pending sales have seesawed since January, indicating a turning point for the market,” said NAR’s chief economist Lawrence Yun. “Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat.” “The moderate slowdown in sales is largely due to the huge spike in home prices,” he continued. “The Midwest region offers the most affordable costs for a home and hence that region has seen better sales activity compared to other areas in recent months.” The unexpected drop in pending home sales reflected weakness in the South and West, where pending sales slumped by 3.0 percent and 3.8 percent, respectively. On the other hand, the report showed pending home sales in the Northeast and Midwest rose by 0.5 percent and 0.6 percent, respectively. The Commerce Department released a separate report on Monday unexpectedly showing another steep drop in U.S. new home sales in the month of June. The report said new home sales tumbled by 6.6 percent to an annual rate of 676,000 in June after plunging by 7.8 percent to a revised rate of 724,000 in May. The continued nosedive surprised economists, who had expected new home sales to jump by 4.0 percent to an annual rate of 800,000 from the 769,000 originally reported for the previous month. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

Dollar Extends Fall On Disappointing U.S. GDP Data; Powell’s Dovish Stance

The U.S. dollar extended its decline against its major trading partners in the European session on Thursday, as the economy expanded less than forecast in the second quarter and on comments from Federal Reserve Chairman Jerome Powell that rate hikes are unlikely to happen anytime soon. Data from Commerce Department showed that GDP rose by 6.5 percent in the second quarter following a 6.3 percent jump in the first quarter. Economists had expected GDP to spike by 8.5 percent. The GDP growth in the second quarter reflected increases in consumer spending, non-residential fixed investment, exports, and state and local government spending. However, decreases in private inventory investment, residential fixed investment, and federal government spending limited the upside along with an increase in imports, which are a subtraction in the calculation of GDP. The Fed Chair affirmed that the economy was “still a ways off” from reaching a standard of “substantial further progress” to scale back the asset purchase program. Powell added that although the economy has made progress towards its goals for inflation and labor market since the June meeting, the threshold to begin tapering bond purchases has not been achieved. The Fed chief remarked that “there is still a long way to go” to attain a full recovery in the labor market. The U.S. Senate voted to push forward a bipartisan infrastructure plan amounting to $550 billion, which includes funding for roads, bridges, broadband and other physical infrastructure. The five-year spending package would be paid for using COVID-19 relief funds, illegally paid unemployment benefits during the crisis and unutilized federal unemployment funds. The currency fell in the Asian session, as Powell maintained a dovish stance, saying that rate increases were far away. The greenback dropped to its lowest level since June 16 against the franc, at 0.9066. At yesterday’s trading close, the pair was quoted at 0.9100. Further drop in the currency may challenge support around the 0.88 level. The greenback lost 0.4 percent to more than a 3-week low of 1.1889 against the euro. The pair was worth 1.1843 when it closed deals on Wednesday. Should the greenback dips further, 1.21 is possibly seen as its next support level. Survey results from the European Commission showed that Eurozone economic confidence hit a record high in July driven by rising sentiment in the industrial and service sectors. The economic confidence index rose to 119.0 from 117.9 in June. This was the highest since records began in 1985 and also well above economists’ forecast of 118.5. The greenback declined 0.6 percent to 1.3982 against the pound for the first time since June 24. The pound-greenback pair had ended yesterday’s trading session at 1.3897. The greenback is seen facing support around the 1.41 level. Data from the Bank of England showed that the UK mortgage borrowing hit a record level in June, ahead of the lower stamp duty rates began to taper off from July. Net mortgage borrowing reached a record GBP 17.9 billion in June. Evidence suggests there has been a shortening of time between a mortgage being approved and the lending itself, the BoE said. The greenback touched a 2-day low of 0.7005 against the kiwi, down from Wednesday’s trading close of 0.6955. Immediate support for the greenback is likely located around the 0.72 level. Survey results from ANZ showed that New Zealand business confidence eased in July. The business confidence index fell to -3.8 in July from -0.6 in June. The own activity outlook index dropped to 26.3 from 31.6 in the previous month. The greenback was down by 0.4 percent against the yen, at a 9-day low of 109.50. The pair had closed Wednesday’s deals at 109.91. The greenback is likely to test support around the 107.00 level. The greenback held steady against the loonie, after having fallen to a fresh 2-week low of 1.2451 at 4:30 am ET. The greenback was trading at 1.2521 against the loonie at yesterday’s close. The U.S. currency, however, bounced off from nearly a 2-week low of 0.7413 against the aussie, with the pair trading at 0.7399. The greenback was worth 0.7374 per aussie at Wednesday’s New York session close. Data from the Australian Bureau of Statistics showed that Australia export prices rose 13.2 percent on quarter in the second quarter of 2021 – accelerating from 11.2 percent in the previous three months. On a yearly basis, export prices surged 26.0 percent. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

Sweden Economy Grows More Than Expected In Q2

Sweden’s economy expanded at a faster than expected pace in the second quarter, preliminary data from the statistical office showed Thursday. Gross domestic product grew a seasonally adjusted 0.9 percent from the first quarter, when the economy expanded 0.8 percent. Economists had expected 0.7 percent growth. Compared to the same quarter last year, GDP rose a working-day adjusted 10 percent after remaining unchanged in the first three months of the year. “Year on year growth rates are the highest we currently have in our time series on Swedish GDP,” Statistics Sweden economist Melker Loberg said. “This should be seen in the light of the severe economic effects of the pandemic on the economy in the second quarter last year. ” .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

Seven-Year Note Auction Attracts Below Average Demand

Finishing off this week’s series of announcements of the results of its long-term securities auctions, the Treasury Department revealed Thursday that this month’s auction of $62 billion worth of seven-year notes attracted below average demand. The seven-year note auction drew a high yield of 1.050 percent and a bid-to-cover ratio of 2.23 Last month, the Treasury also sold $62 billion worth of seven-year notes, drawing a high yield of 1.264 percent and a bid-to-cover ratio of 2.36. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous seven-year note auctions had an average bid-to-cover ratio of 2.30. Earlier this week, the Treasury revealed its auction of $60 billion worth of two-year notes attracted modestly below average demand, while its auction of $61 billion worth of five-year notes attracted average demand. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

IMF Raises Global Growth Forecast For Next Year

The International Monetary Fund on Tuesday raised the global growth forecast for next year and the growth is projected to be driven largely by the expansion in the advanced economies, while their emerging and developing peers are set to have modest gains. The global growth forecast for 2022 was raised to 4.9 percent from 4.4 percent, the IMF said in an update to its World Economic Forecast. “The 0.5 percentage-point upgrade for 2022 derives largely from the forecast upgrade for advanced economies, particularly the United States, reflecting the anticipated legislation of additional fiscal support in the second half of 2021 and improved health metrics more broadly across the group,” the IMF said. The growth projection for this year was retained at 6.0 percent. “The recovery is not assured until the pandemic is beaten back globally,” IMF Chief Economist Gita Gopinath said. The global lender forecast inflation to return to its pre-Covid levels in most countries next year, once the impact of the unusual developments related to the pandemic and transitory supply-demand mismatches work their way through prices. High food prices may lead to elevated inflation in some emerging market and developing economies, the report said. The IMF urged central banks to generally look through transitory inflation pressures and avoid tightening until there is more clarity on underlying price dynamics. The lender also stressed that clear communication from central banks on the outlook for monetary policy will be key to shaping inflation expectations and safeguarding against premature tightening of financial conditions. “There is, however, a risk that transitory pressures could become more persistent and central banks may need to take preemptive action,” the IMF said. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

U.S. Consumer Confidence Unexpectedly Inches Higher In July

Consumer confidence in the U.S. saw a slight improvement from an upwardly revised level in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index inched up to 129.1 in July from an upwardly revised 128.9 in June. Economists had expected the index to drop to 124.9 from the 127.3 originally reported for the previous month. With the unexpected uptick, the consumer confidence index reached its highest level since hitting 132.6 in February of 2020. “Spending intentions picked up in July, with a larger percentage of consumers saying they planned to purchase homes, automobiles, and major appliances in the coming months,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. She added, “Thus, consumer spending should continue to support robust economic growth in the second half of 2021.” The modest increase by the headline index came as the present situation index crept up to 160.3 in July from 159.6 in June. Consumers’ appraisal of current business conditions improved slightly, while their assessment of the labor market was relatively flat. Meanwhile, the report showed the expectations index came in at 108.4 in July, virtually unchanged from 108.5 in the previous month. While consumers’ optimism about the short-term business conditions outlook eased slightly, they remained upbeat about their short-term financial prospects. On Friday, the University of Michigan is scheduled to release its revised reading on consumer sentiment in the month of July. The consumer sentiment index for July is expected to be unrevised from the preliminary reading of 80.8, which was down from 85.5 in June. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

Treasuries Close Modestly Higher But Well Off Best Levels

After trending lower over the past few sessions, treasuries regained some ground during trading on Monday. Bond prices pulled back after seeing initial strength but managed to close modestly higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1 basis point to 1.276 percent. The early advance by treasuries may have reflected concerns about the outlook for the global economy as the delta variant of the coronavirus continues to spread. Worries about tensions between the U.S. and China may also have increased the appeal of bonds, with Chinese Vice Foreign Minister Xie Feng saying that the relationship between the world’s two largest economies “is now in a stalemate and faces serious difficulties.” Buying interest waned shortly after the start of trading, however, as traders looked ahead to the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is expected to leave interest rates unchanged, but traders will be paying close attention to any comments regarding the central bank’s asset purchase program. In U.S. economic news, the Commerce Department released a report this morning unexpectedly showing another steep drop in new home sales in the month of June. The report said new home sales tumbled by 6.6 percent to an annual rate of 676,000 in June after plunging by 7.8 percent to a revised rate of 724,000 in May. The continued nosedive surprised economists, who had expected new home sales to jump by 4.0 percent to an annual rate of 800,000 from the 769,000 originally reported for the previous month. With the unexpected decrease, new home sales slumped to their lowest annual rate since hitting 582,000 in April of last year. Meanwhile, the Treasury Department revealed this month’s auction of $60 billion worth of two-year notes attracted modestly below average demand. The two-year note auction drew a high yield of 0.213 percent and a bid-to-cover ratio of 2.47, while the ten previous two-year note auctions had an average bid-to-cover ratio of 2.53. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. Looking ahead, the Treasury is due to announce the results of this month’s auction of $61 billion worth of five-year notes on Tuesday Trading on Tuesday may also be impacted by reaction to reports on durable goods orders and consumer confidence, although activity is likely to remain light ahead of the Fed announcement. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms

Dollar Loses Ground Against Peers As Traders Await Fed Meeting

The U.S. dollar lost ground against its major rivals on Monday ahead of the U.S. Federal Reserve’s monetary policy meeting which begins on Tuesday. The dollar fell as treasury yields dropped after talks between the U.S. and China failed to resolve outstanding issues between the two sides triggered buying interest in safe-haven treasury bonds. China’s Vice Foreign Minister Xie Feng accused the Biden administration for suppressing the country’s development and urged Washington “to change its highly misguided mindset and dangerous policy.” Traders now look ahead to the Federal Reserve’s monetary policy meeting for more hints about its plan to scale back the bond buying program. It is widely expected that the Fed will likely keep its funds target rate and quantitative easing programme unchanged. All eyes will be on the central bank’s ongoing debate on tapering its $120 billion a month bond buying program. Fed Chairman Jerome Powell acknowledged that current inflationary pressures could be transitory and stimulus measures will remain in place for some time. In U.S. economic news, a report from the Commerce Department showed an unexpected steep drop in new home sales in the month of June. The report said new home sales tumbled by 6.6% to an annual rate of 676,000 in June after plunging by 7.8% to a revised rate of 724,000 in May. Economists had expected new home sales to jump by 4% to an annual rate of 800,000 from the 769,000 originally reported for the previous month. With the unexpected decrease, new home sales slumped to their lowest annual rate since hitting 582,000 in April of last year. The dollar index, which drifted down to 92.53, recovered a bit to 92.62, but was still down more than 0.3% from Friday’s close. Against the Euro, the dollar weakened to 1.1806, giving up nearly 0.3% from Friday’s 1.1772. A survey showed German business confidence unexpectedly weakened in July as managers’ optimism was clouded by problems with the supply of raw materials and other products and by an upturn in coronavirus infections. The Pound Sterling was stronger against the dollar, fetching $1.3823 a unit, gaining from $1.3748. The Bank of England’s external monetary policy committee member Gertjan Vlieghe said in a speech to the London School of Economics that the current monetary stimulus should be maintained for several quarters at least, and probably longer. Against the Yen, the dollar weakened to 110.39 yen, easing from 110.55. The manufacturing sector in Japan continued to expand in July, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 52.2. The dollar dropped to 0.7383 against the Aussie from 0.7366. The Swiss franc firmed to 0.9155 a dollar from 0.9194. The dollar was weak against the Loonie as well, dropping to C$1.2545 from C$1.2564. .

start forex commodities bitcoin trading with 1 free no deposit bonus

Start Forex Trading With As Little As $1

Because you can have a Live and a Demo trading desks within one AGEA account:
  1. You can start trading on demo account which already has $10,000 virtual funds.
  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

Trading Platforms